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<br />;. <br /> <br />~ '. <br /> <br />e - <br />REQUEST FOR CITY COUNCIL AGENDA ITEM <br /> <br />Agenda Date Requested: October 15.2001 <br /> <br />Appropriation <br /> <br />Requested By: Cynthia Ah~xander, Oirel'tor of Finanee <br /> <br />Source of Funds: <br /> <br />001-6145-515 <br /> <br />Report: <br /> <br />Resolution: <br /> <br />Ordinance: <br /> <br />xx <br /> <br />Account Number: 5007 - Other <br />Professional Services <br />Amount Budgeted: $125,000 <br /> <br />Department: J:Il>I' ANCE <br /> <br />Amount Requested: $4.6)70 <br />Budgeted Item: ~ NO <br /> <br />Exhibits: Contract <br /> <br />Exhibits: <br /> <br />Exhibits: <br /> <br />SUMMARY & RECOMMENDATION <br /> <br />The Harris County Appraisal District has the responsibility of appraising all taxable property within the City of La Porte <br />and provides the values for the annexed and taxable portion of each industry. The un-annexed portion of these <br />industries are subject to "in-lieu of Taxes. payments. The firm of Hugh L. Landrum & Associates, Inc. has appraised <br />the Industrial District properties for the City of La Porte since 1968 and has provided these and other professional <br />services in a completely satisfactory manner. <br /> <br />The City entered into contract with Hugh Landrum & Associates in 1998 for a three-year term in the amount of <br />$40,400 per year. The proposed contract covers a three-year period at $46,170 per year. <br /> <br />Since, Hugh Landrum & Associates, Inc. are skilled in such matters and have the scientific and technical knowledge <br />in respect to appraisals and valuations of industrial properties, we would like to continue our relationship with them. <br /> <br />Staff feels that the proposed increase is warranted and represents a very reasonable amount considering all the <br />changes in the Tax Laws over the past few years. 'Furthermore, they have agreed to increase their responsibility to <br />include monitoring and enforcing industrial district agreements. <br /> <br />Action Required bv Council: <br /> <br />Approve Ordinance authorizing agreement with Hugh L. Landrum & Associates, Inc. for the appraisal and other <br />services for fiscal years ending 2002,2003, and 2004 and each year thereafter until said contract is terminated as <br />provided by ordinance. <br /> <br />Approved for Citv Council Aeenda <br /> <br /> <br />)()}rr <br />Date I <br />